Comparative analysis evaluates individual tax liability under optional and traditional tax regimes, highlighting trade-offs between reduced slab rates and deductions.
The Union Budget 2020-21 introduced an optional personal income-tax structure alongside the existing regime. Taxpayers were therefore allowed to choose between the old system, which retained several exemptions and deductions, and the new system, which offered comparatively lower slab rates but withdrew most of those concessions. Under the old regime, eligible taxpayers could continue to claim benefits such as House Rent Allowance, Leave Travel Allowance and deductions available under the Income-tax Act, 1961.
No takes yet. Share an insight, caveat, or question.
Ahmed et al. (2026) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: